Srffuture
SRF CAN IT BE A BUY ON THESE LEVELS Hello Friends,
Last month we have seen a small buying interest in many chemical stocks due to Chinese negative sentiments excluding SRF. In August few brokerage firms intiated buy call for this particular stocks that's the reason it didn't performed well as we all know how the buying calls Game Works. I have been tracking this stock from last few months.
We can buy SRF 2400 CE Options September Expiry Currently Trading at 59.90 it will cost you around 23000 to buy this option.
This OPTION CE looks very bullish besides the stock is being trading in a narrow range. It's a bit risky but worths a buy.
Target of this OPTION CE can be 275plus.
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Disclaimer-Option Buying is Risky.
SRF Ltd - All time highSRF Ltd has taken its breakout from ascending triangle pattern, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
SRF is on the verge of a breakdown. Stock for 7th July 2020I have market the levels in the chart itself. Please refer and comment if you have any doubts !
Selling at CMP
Target : 3725
Risk : 3932
Risk : Reward is 2.57
Do follow me on Quora (Jago Niveshak) for daily calls / stock tips to trade the next coming days.
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